China woos BPOs with sops, blow for India
In a bid to end India’s dominance in the outsourcing industry, China has announced that it will not levy operating taxes on offshore service outsourcing business in 21 of its key cities till 2013 to promote growth of the industry.

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CROs gain traction from pharma cost cuts
Parexel International Corp., a Boston-based contract research organization, reported this week that its profit more than doubled in the second quarter year over year. The company is a poster child for the findings in the Global Life Sciences Hiring Index, which found that services and outsourcing firms are hiring at the fastest rate in the sector.

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